New Zealand: Fiscal & Monetary Policy

The Overseas Investment Office (OIO) is also taking an increasingly proactive role in monitoring overseas investment.

Summary of amendments to Overseas Investment Act which regulates overseas investment in NZ.

A large number of transactions involving foreign investment in NZ will now need to be notified to the OIO for screening.

New Zealand can turn global uncertainty into a platform for resilience and growth.

New Fast-track legislation is to be the 2nd phase of the National-led Government's RM reform package.

The New Zealand Government has recently announced that it will introduce a new public holiday in 2022 to celebrate Matariki, the festival signalling the Māori New Year.

The government of New Zealand has decided to take a stand against terrorism.

Recent amendments aim to prevent money laundering and terrorism financing within various businesses and professions.

The Customs and Excise Act 2018 permits a customs officer to require you to provide access to your electronic device.

Proposed reforms aim to promote amalgamation among and impose stronger disciplines on NZ's 78 councils.

Interest on listed or widely held bonds will be exempt from the 2% approved issuer levy (AIL) as the Government seeks to encourage more foreign lenders to participate in the New Zealand corporate bond market. A number of restrictions are proposed on the exemption so issuers hoping to attract foreign interest will need to consider the legislation carefully, and to make submissions if they believe it requires amendment. No submission date has yet been set.

As of 31 July, Councils face financial penalties for missing key Resource Management Act deadlines.